Rosalie Bucci's Real Estate Blog

Transactional Funding for Investors

2010-04-01T12:22:00.000-07:00

Investors, Are you looking for Transactional Funding?

Do you want to make big profits in Real Estate without using your own cash?
National Loan Services LLC has funds available for investors

We have transactional funding available for the ‘A’ to ‘B’ and ‘B’ to ‘C’ simultaneous closings.
This is simple. A one day, back-to-back real estate transaction funding involves 3 parties and 2 stand alone closings.
"A" – Seller "B" – Investor "C" - End Buyer "A" sells to "B" and "B" sells to "C"

We provide free ‘Proof of Funds’ letter for Free to submit with any offer you should make. Call us with your information, property address and amount of funds needed.

National Loan Services LLC offers you (Investor ‘B’ above) a private, 1 day bridge loan to buy Seller ‘A’s property. You turn around in the same day and sell to End Buyer ‘C’ who comes to the table with their own funding. We charge the most competitive rates starting at 2% plus application fee. You don’t have to use a penny of your own money. You don’t need to qualify for this loan. The approval comes after all the parties and the deals are identified and end buyer ‘C’ has the funds to settle.

National Loan Services, LLC
512 Pennsylvania Ave, Ft Washington, PA
Roland Sorace 215-680-6899 or Rosalie Bucci 610-291-2899
or email at info@nationalloanservices.net

Short Sale Solution

2010-01-29T09:15:00.000-08:00

The good news is that you can sell your home and avoid the foreclosure – even if you thought you couldn’t because of the current value of your home. Most Banks don’t want to take properties back in foreclosure, so they are going to do everything they can to work out a sale. Losing your home can be a very emotional event for most people. An experienced Realtor can take you through the steps necessary to ‘work out’ a sale with your current mortgage company. A ‘submission package’ with all the necessary documents and paperwork is necessary in order to start the process.

Short Sales

2010-01-28T08:23:00.000-08:00

What exactly is a short sale? A short sale occurs when the proceeds from the sale of a home are not enough to cover the sellers’ mortgage balances and closing costs, such as property taxes, transfer taxes, and the Realtor’s commission. The seller is unable to cover the difference. Most short sellers may also be in default on their mortgage loans and be headed for foreclosure – but not all. Home owners who bought at the top of the market or who refinanced in the past few years and now need to sell because of a divorce or job transfer may find themselves owing more than the home is currently worth. Losing your home can be very emotional and most people don’t take any steps until foreclosure sets in. A Short sale is different from a forclosure, in that it is not forced by the bank. It is a way to mitigate financial damage before a home goes to forclosure. If a seller has assets, such as stocks or a high-salaried job, their lender is not going to let them just walk away from a short sale without signing a note to repay the shortage.

Short Sales

2010-01-28T08:17:00.000-08:00

What's worse, a short sale, foreclosure or bankruptcy?

From my experience and solely my opinion … foreclosure is the worst. It will be on your credit report for 7 years and bankruptcy will stay on your credit report for 10 years. A short sale is usually reported on your credit report as "paid in full - settled for less than the full amount" or "settled debt" and less harmful to your credit. A foreclosure will take a 300 point hit while a short sale will take about 150 points.

How many years after a successful short sale can I buy a house?

There are new loan programs designed to help people who have recently had to do a short sale on their homes. You can apply for a new mortgage in as little as two years provided you have maintained a good payment history, kept your debt-to-income ratio within lender guidelines and have verifiable income.